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Canada boosts AML enforcement framework in 2025

People crossing the road in Vancouver
Photo: Paul Goodson

After a widely-criticized penalty against TD in 2024, FINTRAC signaled a shift towards bigger fines and earlier intervention.

In the aftermath of the election of Donald Trump, Canada began asking serious questions about its sovereignty. But even before its southern neighbor took an unexpectedly hostile stance on tariffs and diplomacy, deficiencies had long been noted in Canada’s ability to enforce its regulatory rules and laws stringently, especially in